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Oragin Foods (TSXV:OG.H) Asset Turnover : 0.23 (As of Jul. 2022)


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What is Oragin Foods Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Oragin Foods's Revenue for the three months ended in Jul. 2022 was C$5.65 Mil. Oragin Foods's Total Assets for the quarter that ended in Jul. 2022 was C$25.04 Mil. Therefore, Oragin Foods's Asset Turnover for the quarter that ended in Jul. 2022 was 0.23.

Asset Turnover is linked to ROE % through Du Pont Formula. Oragin Foods's annualized ROE % for the quarter that ended in Jul. 2022 was -26.53%. It is also linked to ROA % through Du Pont Formula. Oragin Foods's annualized ROA % for the quarter that ended in Jul. 2022 was -12.62%.


Oragin Foods Asset Turnover Historical Data

The historical data trend for Oragin Foods's Asset Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Oragin Foods Asset Turnover Chart

Oragin Foods Annual Data
Trend Jan13 Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.99 1.86 1.55 1.75 1.18

Oragin Foods Quarterly Data
Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.25 0.22 0.23 0.22 0.23

Competitive Comparison of Oragin Foods's Asset Turnover

For the Packaged Foods subindustry, Oragin Foods's Asset Turnover, along with its competitors' market caps and Asset Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Oragin Foods's Asset Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Oragin Foods's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Oragin Foods's Asset Turnover falls into.



Oragin Foods Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

Oragin Foods's Asset Turnover for the fiscal year that ended in Jan. 2022 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Jan. 2022 )/( (Total Assets (A: Jan. 2021 )+Total Assets (A: Jan. 2022 ))/ count )
=25.712/( (17.187+26.232)/ 2 )
=25.712/21.7095
=1.18

Oragin Foods's Asset Turnover for the quarter that ended in Jul. 2022 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jul. 2022 )/( (Total Assets (Q: Apr. 2022 )+Total Assets (Q: Jul. 2022 ))/ count )
=5.651/( (25.434+24.637)/ 2 )
=5.651/25.0355
=0.23

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.


Oragin Foods  (TSXV:OG.H) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

Oragin Foods's annulized ROE % for the quarter that ended in Jul. 2022 is

ROE %**(Q: Jul. 2022 )
=Net Income/Total Stockholders Equity
=-3.16/11.912
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-3.16 / 22.604)*(22.604 / 25.0355)*(25.0355/ 11.912)
=Net Margin %*Asset Turnover*Equity Multiplier
=-13.98 %*0.9029*2.1017
=ROA %*Equity Multiplier
=-12.62 %*2.1017
=-26.53 %

Note: The Net Income data used here is four times the quarterly (Jul. 2022) net income data. The Revenue data used here is four times the quarterly (Jul. 2022) revenue data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

Oragin Foods's annulized ROA % for the quarter that ended in Jul. 2022 is

ROA %(Q: Jul. 2022 )
=Net Income/Total Assets
=-3.16/25.0355
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-3.16 / 22.604)*(22.604 / 25.0355)
=Net Margin %*Asset Turnover
=-13.98 %*0.9029
=-12.62 %

Note: The Net Income data used here is four times the quarterly (Jul. 2022) net income data. The Revenue data used here is four times the quarterly (Jul. 2022) revenue data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.


Oragin Foods Asset Turnover Related Terms

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Oragin Foods (TSXV:OG.H) Business Description

Traded in Other Exchanges
N/A
Address
579 Kerr Street, Oakville, ON, CAN, V6B 4M9
Oragin Foods Inc is a Canadian multi-pronged food company, that owns and operates canada's natural and organic food retailers, where new and innovativefood and beverage brands are developed, acquired, grown and commercialized through a Consumer-Packaged Goods (CPG) Division.

Oragin Foods (TSXV:OG.H) Headlines

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